The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Blount International beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew.
Margins contracted across the board.
Blount International booked revenue of $232.7 million. The three analysts polled by S&P Capital IQ foresaw net sales of $227.6 million on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $212.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.24. The four earnings estimates compiled by S&P Capital IQ averaged $0.25 per share. GAAP EPS of $0.23 for Q3 were 4.5% higher than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.0%, 380 basis points worse than the prior-year quarter. Operating margin was 10.0%, 220 basis points worse than the prior-year quarter. Net margin was 5.0%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $223.5 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $916.4 million. The average EPS estimate is $1.02.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 73 members out of 80 rating the stock outperform, and seven members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Blount International a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Blount International is outperform, with an average price target of $18.50.
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